Moody's Downgrades Nokia To Junk Status

Nokia

Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the outlook negative, meaning it could downgrade it again.

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BING NEWS:
  • Moody's downgrades Nokia rating to junk status
    Nokia Corp., the faltering Finnish cellphone maker, closed out the week with another hit to its financial condition: Moody's Investors Service downgraded its credit rating to junk status. Moody's cut the company's rating a notch to Ba1, a non-investment ...
    06/15/2012 - 1:40 pm | View Link
  • Moody's Downgrades Nokia To Junk Status
    HELSINKI (AP) — Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the ...
    06/15/2012 - 8:31 am | View Link
  • Moody’s downgrades Nokia to ‘junk’
    The ratings agency Moody's downgraded the long-term credit rating of Finnish telecommunications group Nokia to the speculative level of “Ba1” and said its outlook remained negative. “Today's rating action reflects our view that Nokia's far-reaching ...
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  • Moody's downgrades Nokia to junk status
    HELSINKI—Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the outlook ...
    06/13/2012 - 9:00 pm | View Link
  • Moody's downgrades Nokia debt to near junk
    HELSINKI (AP) — Moody's ratings agency downgraded Nokia's debt grade to near junk status on Monday, citing a sharp decline in first-quarter cell phone sales that led to a 35 percent fall in revenue. The agency lowered Nokia Corp.'s long-term credit ...
    04/16/2012 - 8:42 am | View Link
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